No income tax deduction for premium payments is allowed if the taxpayer is a beneficiary under the policy.
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JL is taxed differently than other types of life insurance i…
JL is taxed differently than other types of life insurance if the two lives that are insured are not individuals who are married to each other.
No-Lapse Universal Life (NLUL) and “regular” Universal Life…
No-Lapse Universal Life (NLUL) and “regular” Universal Life products are very similar products, with similar objectives and valuation methodologies.
A group life insurance plan must provide a death benefit tha…
A group life insurance plan must provide a death benefit that meets the definition of a life insurance contract.
Given the current size of the federal estate tax exemption,…
Given the current size of the federal estate tax exemption, estate tax inclusion of a policy is a concern for most purchasers of life insurance.
Variable annuities are taxed in the same manner as mutual fu…
Variable annuities are taxed in the same manner as mutual funds.
Under ATRA, the estate, gift, and GST exemption is now:
Under ATRA, the estate, gift, and GST exemption is now:
Which of the following about Indexed Universal Life is corre…
Which of the following about Indexed Universal Life is correct?
Viatical and life settlements are amounts received from a th…
Viatical and life settlements are amounts received from a third party who purchases the life insurance policy of an insured.
The annual payout from a charitable remainder annuity trust…
The annual payout from a charitable remainder annuity trust (CRAT) to a non-charitable beneficiary may not exceed what percentage of the initial fair market value of the property contributed to the trust?